Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Michelle Franco
  • Bronx, NY
2
Votes |
16
Posts

Wholesaler and Real Estate Salesperson License in NY Illegal??

Michelle Franco
  • Bronx, NY
Posted

Hello Everyone

I have had a couple things on my mind that are preventing me from moving forward in my wholesale business. I live in NYC and I want to wholesale in Orange, Dutchess, and Westchester, Bronx counties. I also got my real estate agent salesperson license in July 2015, but I feel like it is actually holding me back. I am not active with a broker, and want to focus as an investor only. My questions are, is it illegal to collect wholesaler fees while having a license? Will it be considered a net listing? Also, how should I present myself to sellers since I need to disclose I am a licensed agent? Finally, I would like to know how having my license could benefit me, are there any brokers that cater to investor agents which will grant me MLS access? Any answers will be much appreciated. Thanks!

Loading replies...